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The ZXY Company has ten employees each earning $44,000 per year. Four of the employees participate in the company-sponsored SIMPLE. Each participating employee contributes the

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The ZXY Company has ten employees each earning $44,000 per year. Four of the employees participate in the company-sponsored SIMPLE. Each participating employee contributes the maximum amount to a SIMPLE account. Under the matching plan, over a five-year period, what are the maximum and minimum amounts the company can elect to contribute

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